Net Zero Tech Alliance
Accelerating Progress Towards Net Zero Goals
Working on common goals, the Alliance creates an unparalleled framework to solve complex and intractable challenges in a collaborative manner. This helps achieve greater results at a quicker pace and more efficiently than to do so individually. It convenes change-makers, curates discussions and accelerates technologies that drive progress.
What got you here won’t get you there. The most obvious measures to reduce the use of energy and employ resources more efficiently have already been taken. There is now an urgent need to look for less evident, more impactful solutions that will drive progress across sectors and geographies.
To A Carbon Neutral Future
Corporate sustainability commitments and targets have been set by many organisations worldwide, but many struggle to have a clear understanding of how they can be met in the short time available.
Setting targets is simple. Designing and implementing the actions through which they are achieved is not.
The obvious measures have already been taken. We must look to less evident, more impactful solutions that drive progress exponentially, across sectors and across geographies.
Technological capabilities built on data, AI, 5G connectivity and edge and swarm computing can enhance performance, reduce energy consumption and unlock new resource efficiency levels.
A record-breaking 13,000+ companies representing over 64% of global market capitalisation ($64tn) disclosed through CDP in 2021 – 35% more than last year, and over 141% more than when the Paris Agreement was signed in 2015. However, only a third are developing a low-carbon transition plan, and a mere 1% of companies have a credible climate transition plan.
The Feasibility Gap
Is Net Zero actually possible? Even if currently on track, organisations will face thresholds that will be difficult to overcome without a change in approach.
To keep warming within 1.5°C, an aggregated annual decarbonisation rate of 11.7% is required. The main levers for action and change are:
The development and deployment of next generation Net Zero technologies will pave the way for innovation in business models and operations. But this is contingent on technological adoption and skills. In 2021, 64% of large enterprise reported that the availability of talent is the largest obstacle to tech adoption, compared to 4% in 2020.*
Regulatory compliance will progressively increase the business case for the investments in technology and effort needed to reach Net Zero.
* Gartner’s Emerging Technology Roadmap 2021-2023